623 LAGOON Drive
About This Property
The property boasts 100 feet on deep water, with 4 boat slips, 2 of which are large enough for yachts, a boat house and lift, and fully equipped dock. The outdoor living space includes extensive terraces, patios, a fully equipped outdoor kitchen, large pool, hot tub, and an incredible rooftop (4th story) tower with a 360-degree view for savoring sunrises, sunsets, fireworks, or starry nights.
The home's 7500 SF... ...of heated and cooled space is artistically designed so that the main areas in particular are both incredibly spacious and yet have a sense of intimacy. The current owners extensively renovated and improved the home, adding smart home technology, high-end finishes, and unique design elements so that no rooms are exactly alike. The soaring ceilings and voluminous space of the main floor living area are warmed up by gorgeous 100-year old reclaimed heart pine plank floors and exquisite custom details, including a wet bar with 3 copper sinks, large gas fireplace, climate-controlled wine closet, and of course, the incredible harbor views from the ceiling-to-floor wall of windows. The adjoining circular formal dining area features beautiful lighting and display shelves, while a more relaxed dining area adjoins the kitchen.
The kitchen itself is stunning--both for what it offers and for the luxurious design. The "main" kitchen includes a Dacor double oven, 6 burners, hood, separate warming drawers, hidden dishwasher and fridge, Miele espresso maker, and 3 sinks. In addition, the full butler's kitchen includes another oven, dishwasher, sink, 4 burners, and lots of additional storage. The main floor also includes a powder room, a large bedroom suite, and an additional bedroom or project room with a sink--making it perfect for arts and crafts, for example.
The third floor belongs to the incredible master suite--don't worry, there is an elevator! The huge bedroom, which is well-laid out into relaxing, sleeping, dining, and sitting/harbor viewing areas, includes a mini-kitchen, beautiful built-ins, a gas fireplace, and more floor-to-ceiling views. One-of-a-kind imported doors add a grand statement at the bedroom entrance, as well as at the bath and walk-in closet. Incredible natural textures and materials enhance the spa-like quality of the luxurious master bath: a deep, jetted copper tub flanked by 2 waterfalls, custom copper dual sinks/vanities with concrete-style counters, stone walls, and a rainhead shower with river rock floor. Finally, the bath offers his and hers water closets and walk-in closets (one with W/D). The floor also includes a large loft office area and home gym.
The ground floor features its own living/dining area and kitchen, beautifully decorated with Venetian plaster walls, modern fixtures, and travertine floors; 3 bedroom suites, including another master; a large utility room; additional storage; and a 3-car garage. The home includes 7 A/C units, an incredible amount of storage space, automated blinds, security system, gated entrance, and much more! This amazing residence offers great luxury and convenience for a truly relaxing lifestyle, the opportunity to fully enjoy world-class water sports from the comfort of your own home, and/or a very special rental property with the potential for strong income--all at an excellent value.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017